German IFO business climate improving<\/a> in April for a third straight month.<\/p>\nThe data comes after stronger-than-expected German services PMI earlier in the week and supports the view that the economy is starting to recover.<\/p>\n
Even so, the ECB is on track to cut rates in June.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising for a second day. The pound is extending gains from yesterday after BoE policymaker Huw Pill said that he thought rate cuts were still a time away. His comments come after UK services PMI data yesterday was stronger than expected. The euro is falling despite the German […]<\/p>\n","protected":false},"author":163946598,"featured_media":5643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1666,1398,1862],"class_list":["post-117655","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-inr","tag-usd","tag-usd-inr"],"acf":[],"yoast_head":"\n
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